Launch your product immediately. Link it here as part of an "Ask HN: Feedback on my first version." Take the feedback and keep building. Continue to monitor th

Launch your product immediately. Link it here as part of an "Ask HN: Feedback on my first version." Take the feedback and keep building. Continue to monitor the competitor, identify their mistakes, and do your best not to make those mistakes too! As was said already, having another person in the space is a GREAT thing. First mover advantage never won anything, you've got plenty of time to build your app slowly and carve your niche :)